jobs" have begun
accepting applications for the new top-level domains (TLD), which companies
may begin using in August.
The . The effectiveness of the communication about the value of the
benefits is clearly the determining variable - not the richness of the benefit
package itself .C.

involvement motivation

jobs to Make Recruiting Direct and Efficient

ALEXANDRIA, Va.
The Society for Human Resource Management (SHRM) and ".
For an organization to apply for its own .jobs site has the potential to create a more streamlined recruiting process
for HR professionals, and make it easier for prospective employees to find
vacant jobs.jobs is the 'best of practice,' and will become the new standard
for recruiting.

Communication Plays Critical Role in Improving Retention Power of Health Benefits Watson Wyatt Analysis Finds

Among employers that offer less
costly benefits but have effective communication strategies, the average
turnover rate is 12 percent among top performers. Conversely, 76 percent of employees at organizations
that effectively communicate the value of less rich benefit packages are
satisfied. "If
employers attempt to offset rising health benefit costs by continually cutting
back on other forms of compensation, their turnover rates -- especially among
top performers -- will really take a hit.

executing openbook

"
"The new . As an influential voice, the Society's mission is also to advance
the human resource profession to ensure that HR is recognized as an essential
partner in developing and executing organizational strategy. Additionally, companies that cannot hold their health care
budgets down as a share of total compensation have higher turnover rates for
top performers . Companies that participated in the
study spend, on average, 11 percent of their total compensation budgets on
health care benefits.

retention organizational

No matter how job seekers find a company -- via referral, the
internet or classified ads -- it will be the company's .jobs site that leads
them DIRECTLY to the job they are looking for.
In its analysis, Watson Wyatt found that, among employers that offer rich
benefits but have poor communication strategies, the average turnover rate is
17 percent for top-performing employees. The firm is a global
alliance between U.

advances communicate

"
Most organizations in the United States already use their company's Web
site to advertise vacant positions and HR professionals say the Internet
yields the highest quality job applicants of all mediums and is the best
return on investment .
Corporate offices are in Washington, D.

hrd retention

, Organizations around the world
now have the opportunity to apply for the new .jobs."
"Now that the application process is open, it won't be long before
companies will be able to advertise their vacant positions on their .

erc hrd

These findings correspond with the results of Watson Wyatt's WorkUSA(R)
2004 study."

About Watson Wyatt Worldwide
Watson Wyatt Worldwide is one of the world's leading human capital
consulting firms, providing services in the areas of employee benefits, human
capital strategies and related technology solutions .

openbook gainsharing

employer hrd

jobs domain that will give them
a more direct, consistent and efficient means of recruiting new employees .

motivation responsibilities

Meisinger, SPHR, president and CEO of SHRM.employmedia.

involvement benchmarking

Registrations in .jobs
.jobs serves the global human resource management community by providing a
simple, fast and consistent method to lead job seekers to the exact online
location of career information.

advances productivity

com.org. For more information , visit
http://www.5 percent among top performers.

enhancing fellow

jobs can
only be for the company's legal or commonly known business name, for example,
http://www. Among companies whose health benefits account for more than 14
percent of their employees' total compensation, the average turnover rate is
12.

human gainsharing

jobs domain is expected to make recruiting and job searching more
uniform and simpler for both employers and job seekers.jobs
site," said Susan R. Supplementing rich benefit
programs with effective communication practices yields employers an even lower
average turnover rate of only 8 percent for top performers.

involvement retention

executing hrd

com.

"
Furthermore, the analysis suggests that, as the increasing costs of health
benefits crowd out cash wages, turnover rates for top-performing employees
increase .
"As salary budgets continue to be squeezed by the rising cost of health
benefits, it's essential that employers couple effective benefits
communication with longer-term strategies - such as health management and
consumer-driven health plans - to control health care costs," said Yates.S.-based Watson Wyatt + Company, a publicly traded company
(NYSE: WW), and U.

employer productivity

For example, when the
.jobs .shrm.8 percent.K.

executing human

WASHINGTON, How well a company
communicates the value of its health benefits can do more to retain top-
performing employees than the actual richness of the benefits themselves ,
according to a new analysis by Watson Wyatt, a leading human capital
consulting firm. Only 22 percent of surveyed employees at organizations that
poorly communicate the value of their rich benefit programs are satisfied with
their benefit package.

hrd gainsharing

New .jobs Domain Accepting Applications

.jobs site, it must complete an
online application at http://www. But among companies whose health benefits
account for less than 10 percent of their employees' total compensation, the
average turnover rate is only 8., and Reigate, England.

responsibilities erc

employmedia. Any employer would be
able to post open positions on an area of its Web site using the ".jobs domain is up and running in August, if a person were looking for a job
with SHRM, they would simply type in the Web address "www.

About SHRM
The Society for Human Resource Management (SHRM) is the world's largest
association devoted to human resource management.

involvement gainsharing

About .
"The results really drive home the fact that effective communication is
vital for employers if they want to see returns on their health benefit
investments and retain top talent," said Kathryn Yates, global director of
communication consulting at Watson Wyatt.-based Watson Wyatt LLP, a privately held, limited-
liability partnership .

involvement responsibilities

Representing more than
200,000 individual members, the Society's mission is to serve the needs of HR
professionals by providing the most essential and comprehensive resources
available. Founded in
1948, SHRM currently has more than 500 affiliated chapters within the United
States and members in more than 100 countries. "Employers can spend huge sums of
money on benefits, but if their employees aren't aware of the cost or don't
appreciate the value of the benefits, they aren't going to see a return on
their investment.

ipma openbook

shrm. In addition, each application will be
validated for the company name.shrm. "A company's
. Visit SHRM Online at
http://www.

communicate employee

jobs" TLD,
which would be commonly understood among job seekers.
For more information contact SHRM Media Affairs. Together the companies operate as Watson Wyatt
Worldwide, with more than 5,900 associates in 88 offices in 30 countries .